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  • HAVANA, Dec 29- Cuba is forecasting that economic growth will halve in 2016 to 2 percent from this year, and Cuban President Raul Castro on Tuesday blamed the decline on falling export revenues. The collapse of oil prices punishes Cuba under the terms of its oil deal with Venezuela. Cuba receives more than 100,000 barrels of oil per day as part of an exchange that...

  • BEIJING, Dec 30- Decisions to adjust China's reserve requirement ratio and use of quantitative tools must consider the impact on capital flows, the central bank's chief economist wrote in the bank's official publication on Wednesday. Cutting banks' reserve requirement ratios, the amount of cash that banks must set aside as reserves, too often and by too much...

  • The loonie hit an 11- year low of C $1.4003 to the dollar earlier this month, dogged by weak prices of oil, Canada's main export, and the dollar's relative strength against other currencies. The Australian dollar was steady at $0.7292 after rising to $0.7303 overnight, its highest since Dec. 10. Oil prices jumped overnight as colder weather in North America...

  • SEOUL, Dec 30- South Korea's LG Display Co Ltd and the panel-making unit of Samsung Electronics Co Ltd will supply organic light emitting diode screens for Apple Inc's iPhones, the Electronic Times reported on Wednesday citing unnamed sources. LG Display and Samsung Display declined to comment, while Apple could not be immediately reached for comment.

  • *Wall Street marks strong tech-led gains. "After a strong U.S. and European session, Asian markets are all looking for further gains today," Angus Nicholson, market analyst at IG in Melbourne, said in a note to clients. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3 percent, on track for a monthly gain of 0.4 percent though down nearly 12 percent...

  • SEOUL, Dec 30- South Korea's LG Display Co Ltd and panel-making subsidiary of Samsung Electronics Co Ltd will supply organic light emitting diode screens for Apple Inc's iPhones, the Electronic Times reported on Wednesday citing unnamed sources.

  • Dec 29- Twitter Inc hired a former Apple Inc employee as its vice president of diversity and inclusion, the micro-blogging site announced. Jeffrey Siminoff, who was previously the director of worldwide inclusion and diversity at Apple, replaces Janet Van Huysse. Van Huysse had outlined 2016 diversity goals for Twitter that included boosting the overall...

  • NEW YORK, Dec 29- A federal judge has certified two shareholder class actions accusing Facebook Inc of hiding concerns about its growth forecasts prior to the social media company's May 2012 initial public offering. District Judge Robert Sweet in Manhattan said retail and institutional investors who claimed to lose money from buying Facebook shares at...

  • SUNDAY, JANUARY 3 SAN FRANCISCO- Federal Reserve Bank of San Francisco President John Williams participates in a panel on "The Equilibrium Real Interest Rate- Theory, Measurement, and Use in Monetary Policy" at the American Economic Association/ ASSA annual meeting- 1600 GMT. Economic and Monetary Policy Developments "before a panel on" The United States and...

  • SAN FRANCISCO, Dec 29- Sidecar, the ride-hailing and delivery company that has long struggled to keep up with competitors Uber and Lyft, said on Tuesday it would cease operations at the end of the month. Co-founders Sunil Paul and Jahan Khanna wrote in a post on Medium that Sidecar would end service at 2 p.m. PST on Thursday. Sidecar spokeswoman Margaret Ryan...

  • NEW YORK, Dec 29- A federal judge has certified two shareholder class action lawsuits accusing Facebook Inc of hiding concerns about its growth forecasts prior to the social media company's initial public offering in May 2012. District Judge Robert Sweet in Manhattan said retail and institutional investors who claimed they lost money by purchasing...

  • LIMA, Dec 29- Argentina's new center-right government is cutting excise taxes on new cars in a bid to bolster local automaking, the country's production minister said on Tuesday. The government of Mauricio Macri will analyze the impacts of the lowered taxes after six months and modify them as needed, Production Minister Francisco Cabrera said.

  • BRASILIA, Dec 29- Brazil's primary public sector budget deficit widened sharply in November, the central bank said on Tuesday, as falling tax revenues undermined government efforts to shore up public accounts amid a deepening recession. Including debt payments, Brazil's overall deficit was running at a hefty 9.3 percent of gross domestic product in the 12...

  • BUENOS AIRES, Dec 29- Argentina on Tuesday removed limits on how much corn and wheat the country's huge farm sector can export, the latest measure aimed at revitalizing agriculture in the grains-producing powerhouse. The new center-right administration of President Mauricio Macri eliminated taxes on corn, wheat and soy exports earlier this month, making...

  • NEW YORK/ LONDON, Dec 29- Oil prices jumped 3 percent on Tuesday, recouping the previous day's loss as colder weather encouraged buyers, but traders said prices remained under pressure due to slowing global demand and abundant supplies from OPEC members. Global oil benchmark Brent and U.S. crude's West Texas Intermediate futures settled up more than $1 a barrel,...

  • NEW YORK, Dec 29- Creditors suing Argentina over billions of dollars in defaulted bonds have subpoenaed HSBC Holdings Plc for information about the country's effort to raise money abroad, a person familiar with the matter said on Tuesday. Creditors, including hedge funds Elliott Management's NML Capital Ltd and Aurelius Capital Management LP, are seeking...

  • *Pep Boys up after board finds Icahn's proposal superior. Dec 29- Wall Street rose sharply on Tuesday, elevating the S&P 500 to a modest gain for the year as Amazon and Apple led tech stocks higher. Amazon climbed 2.78 percent and closed at a record high of $693.97.

  • Dec 29- Twitter Inc has clarified its definition of abusive behavior that will prompt it to delete accounts, banning "hateful conduct" that promotes violence against specific groups. J.M. Berger, co-author of a March 2015 Brookings Institute "census" of ISIS Twitter use, which found that the militant group had operated at least 46,000 accounts from September to...

  • Dec 29- Puerto Rico's economic activity index fell 0.5 percent year-on-year in November, driven by drops in cement sales and gasoline consumption, according to data released on Tuesday by the U.S. commonwealth's Government Development Bank. Cement sales fell 2.5 percent, while gas consumption was down 8.8 percent, the GDB said. The index, which the GDB says is...

  • NEW YORK, Dec 29- Wall Street rose sharply on Tuesday, elevating the S&P 500 to a modest gain for the year, as Amazon and Apple led tech stocks higher and recovering crude prices bolstered energy shares.